Funding the Future: Solving the Financial Hurdles for Breakthrough Business Networks (BBNs)

2025-06-20
Funding the Future: Solving the Financial Hurdles for Breakthrough Business Networks (BBNs)

The UK's Advanced Research and Invention Agency (ARIA) is exploring a new type of R&D organization: Breakthrough Business Networks (BBNs). This article dives into the financial challenges faced by BBNs, including cash flow issues, startup capital needs, and risk capital requirements. A potential solution, an "R&D lending facility," is proposed, along with various financing models such as revenue-based finance, low-interest loans, and revolving loan funds. These aim to foster the growth of BBNs and boost UK technological innovation.

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Bell Labs' Secret Sauce: Balancing Basic and Applied Research

2025-03-08
Bell Labs' Secret Sauce: Balancing Basic and Applied Research

This article explores how Bell Labs successfully balanced basic and applied research, achieving both groundbreaking scientific discoveries and immense commercial success. It argues that Bell Labs didn't rely solely on free-wheeling basic research, but instead employed a 'long leash, short fence' approach, guiding researchers towards crucial problems relevant to the company's business. This involved three key elements: granting researchers a degree of freedom, facilitating close collaboration between basic and applied researchers, engineers, and manufacturing, and establishing a dedicated team of systems engineers to bridge the gap between research and application, ensuring efficient resource allocation. By analyzing Bell Labs' case study, the article offers valuable lessons for modern applied research organizations, emphasizing the importance of systematically selecting research directions and the critical role of systems engineers.

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DARPA's Shifting Sands: Three Variables Shaping its History

2025-01-06
DARPA's Shifting Sands: Three Variables Shaping its History

This article explores three key factors shaping DARPA's operational model throughout its history: the level of organizational oversight, the source of project visions (office directors vs. PMs), and the timeline for project payoffs. Using early computing projects as examples, it analyzes how increased bureaucracy and procurement rules after the Vietnam/Watergate era impacted project management. It also contrasts director-driven visions with the autonomy of individual PMs in shaping project direction, and examines how differing attitudes towards payoff timelines and military-focused mandates influenced project selection and execution. Understanding these factors is crucial for interpreting DARPA's historical successes and failures.

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